Advance Report: New Orders for Durable Goods Up 0.8% in June
Manufactured durable goods, up 13 of the last 14 months, followed a 3.2% May increase.
Advance Report: New Orders for Durable Goods Up 0.8% in June Read More »
News
3M’s Sales Up 24.7% in 2Q
All divisions at the company posted a strong quarter, with safety and industrial sales growing 22.4% in the period.
3M’s Sales Up 24.7% in 2Q Read More »
F.W. Webb Strengthens Presence on Long Island
The plumbing distributor has opened its largest location in the area; the new store will also offer fire protection fabrication services.
F.W. Webb Strengthens Presence on Long Island Read More »
Nichols Announces Leadership Changes
Hal Grossman is being promoted to president on Aug. 1 and longtime COO Kevin Rahrig will retire on Dec. 24.
Nichols Announces Leadership Changes Read More »
L&W Supply Finalizes Deal to Acquire Builders FirstSource’s Eastern Gypsum Assets
The transaction, announced earlier this month, “supports L&W Supply’s overall growth strategy,” according to the company’s president.
L&W Supply Finalizes Deal to Acquire Builders FirstSource’s Eastern Gypsum Assets Read More »
RBC Bearings to Acquire ABB’s Dodge Mechanical Power Transmission Business
RBC is paying $2.9 billion to acquire the international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries.
RBC Bearings to Acquire ABB’s Dodge Mechanical Power Transmission Business Read More »
Carlisle Cos. Sales Increase 22% in 2Q
Company’s profit for the second quarter also spiked, growing 31.7% to $99.3 million.
Carlisle Cos. Sales Increase 22% in 2Q Read More »
Danaher Sales Grow 36.5% in 2Q
The manufacturer reported a strong second quarter, as profit almost doubled to $1.7 billion.
Danaher Sales Grow 36.5% in 2Q Read More »
ABB Sales Up 32% in 2Q
The Swiss company also reported that its profit grew to $752 million from $319 million in the period.
ABB Sales Up 32% in 2Q Read More »
Pool Corp. Sales Up 39.6% in 2Q
In addition to setting a revenue record of $1.8 billion, the pool supply distributor saw profit increase nearly 65% for the quarter.
Pool Corp. Sales Up 39.6% in 2Q Read More »
Motion Sales Increase 19.6% in 2Q
Genuine Parts Co., the parent of Motion — what GPC calls its “industrial parts group” — on Thursday reported that the distributor’s second-quarter sales of $1.6 billion were up 19.6% year-over-year and represented 33% of total company revenues. The increase in sales reflected a 16.4% increase in comparable sales, a 2.4% favorable impact from foreign
Motion Sales Increase 19.6% in 2Q Read More »
Sonepar USA to Acquire Springfield Electric Supply
With the addition of the Springfield, Illinois-based distributor, Sonepar is expanding its footprint in the Midwest.
Sonepar USA to Acquire Springfield Electric Supply Read More »
Watsco Sales Jump 36.5% in 2Q
Year-to-date sales grow 26.3% from same period in 2020 as company delivers a “blowout” quarter, said the distributor’s CEO.
Watsco Sales Jump 36.5% in 2Q Read More »
Chicago Fed National Activity Index Moderates in June
Latest Chicago Fed National Activity Index (CFNAI) shows that three of the four broad categories of indicators used to construct the index made positive contributions in June, but two categories declined from May.
Chicago Fed National Activity Index Moderates in June Read More »
PE-Backed JGB Enterprises Expands into Canada
JGB, a portfolio company of the private equity firm HCI Equity Partners, has completed its first add-on acquisition with the addition of Toronto-based Industrial, Petroleum and Mining Supplies.
PE-Backed JGB Enterprises Expands into Canada Read More »
Kimball Midwest to Open Fifth Distribution Center
Industrial distributor is bringing a 142,000-square-foot DC to Newtown, Connecticut, in the first half of 2022.
Kimball Midwest to Open Fifth Distribution Center Read More »
BlackHawk Industrial Acquires Florida-Based Fasteners Distributor
CEO says expansion will allow BlackHawk” to reach more customer production facilities, expand products and services that end-users value, and invest in new effective sales channels.”
BlackHawk Industrial Acquires Florida-Based Fasteners Distributor Read More »
Rexnord Sales Soar 26.5% in 2Q
The company doubled its profit during the quarter as “momentum across our business continues to accelerate,” according to the CEO.
Rexnord Sales Soar 26.5% in 2Q Read More »
SKF Sales Spike 24.9% in 2Q
Bearing manufacturer SKF also sees sales improve 10.7% in first six months of 2021 as the company rebounds from a COVID-driven slowdown.
SKF Sales Spike 24.9% in 2Q Read More »
Residential Building Permits Up 23.3% in June
And housing starts are up compared to year-ago period and the previous month, according to the latest residential construction report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Residential Building Permits Up 23.3% in June Read More »
